Warning: Declaration of Jetpack_IXR_Client::query() should be compatible with IXR_Client::query(...$args) in /home/b12ix570znjs/public_html/wp-content/plugins/jetpack/class.jetpack-ixr-client.php on line 0
{"id":2115,"date":"2017-10-04T15:15:35","date_gmt":"2017-10-04T15:15:35","guid":{"rendered":"http:\/\/nxnwcapital.com\/?p=2115"},"modified":"2017-10-04T15:15:35","modified_gmt":"2017-10-04T15:15:35","slug":"budget-chief-no-u-s-bailout-for-puerto-rico","status":"publish","type":"post","link":"http:\/\/nxnwcapital.com\/?p=2115","title":{"rendered":"Budget Chief: No U.S. Bailout for Puerto Rico"},"content":{"rendered":"

<\/p>\n

Trump administration budget chief Mulvaney stated in a BloombergPolitics article “I think what you heard the president say is that Puerto Rico is going to have to figure out a way to solve its debt problem.”\u00a0 Mr. Mulvaney went on to say, “We are not going to bail them out.\u00a0 We are not going to pay off those debts.\u00a0 We are not going to bail out those bond holders.”<\/p>\n

Frequently overlooked in the discussion of the Puerto Rico debt crisis is the impact on bond insurers.\u00a0 Assured Guarantee and MBIA have not recently updated investors on their exposure to the Puerto Rico debt crisis.\u00a0 The most recent information available indicates that Assured Guarantee may have significant exposure to Puerto Rico debt.<\/p>\n

BloombergPolitics article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"